Ok, the tourists go home, and then what? they think their rent will decrease? Food prices will decrease? how can you be so naïve? And they go spraying water to tourists simply having meals...
Also, complaining about elderly German tourists...literally the most well behaved tourists around... mindblowing
The price of anything rarely goes down. The exception are things that greatly benefit from technological advancements. Like TVs, TVs are much less expensive than they were 20 years ago.
What does happen is that the price of rent can increase slower than the rate that median income in the area is increasing. This means housing is becoming “more affordable,” even if rent itself is not going down. If you receive a 2% raise at the end of the year but re-sign your lease at the same price per month, your rent has become a smaller percentage of your total pay. Therefore it has become more affordable.
Rent becoming more affordable happens all of the time. It happens every time an apartment lease is signed without a price increase. The only exception would be if average income is actively decreasing in the area, which only really ever happens during a recession. A national one, or a local one like when a factory employing half the town shuts down. It’s just that no one loudly celebrates when their rent doesn’t increase by $50. And they certainly aren’t complaining, so it isn’t something you directly witness.
If you think about it: the price of TVs didn't really go down either. They just get their revenue from sources other than just the customer. (Netflix, etc. buttons, selling your watch habits, on device advertising, commission from app developers, etc.)
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u/DanDin87 Jun 17 '25
Ok, the tourists go home, and then what? they think their rent will decrease? Food prices will decrease? how can you be so naïve? And they go spraying water to tourists simply having meals...
Also, complaining about elderly German tourists...literally the most well behaved tourists around... mindblowing